EV Resources (ASX:EVR) Reports High Grade Antimony Assays
High Grade Antimony Assays
EV Resources Limited (ASX:EVR) received assay results from the Los Lirios antimony project in Mexico. The initial four samples returned antimony grades of 29.17% Sb (SP-1), 20.44% Sb (SP-2), 18.08% Sb (SP-3), and 15.27% Sb (LL-022). The first three samples from stockpiled material have been submitted for preliminary metallurgical testing, while further assay results for LL-022 are pending.
Next Steps
EVR has commenced due diligence and planning for an exploration programme. By the end of March, the company will search for a suitable plant location and proceed with sampling and trenching to define drill targets at Los Lirios. EVR intends to explore options for trial mining and processing to better understand the project’s geology and metallurgy.
Executive Comments
Hugh Callaghan, Managing Director of EVR, stated, “These initial assay results are pleasing, and support the view we have taken that Los Lirios is potentially a near term producer of high grade antimony mineralisation. We are looking at options for trial processing of ore.”
Motley Fool contributor Lianne Eastty has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
This article was generated using GPT-4o mini, a Large Language Model (LLM), to generate summaries of investing news. While AI is generating the content, we know better than to blindly trust our future robot overlords, and every article is edited and fact-checked by an editor holding the appropriate credentials. The Motley Fool Australia stands behind the work of our editorial team and takes ultimate responsibility for the content of everything published by The Capital Club.